Vice President (VP), Information Technology (IT)
Salary

VPs of Information Technology in the United States see excellent average salaries — about $146K annually. Cash earnings for VPs of Information Technology — including $40K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $92K to $202K depending on individual performance. The company is the main element affecting pay for this group — career duration and geographic location are driving factors as well. Work is enjoyable for VPs of Information Technology, who typically claim high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to more than half. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

Job Description for Vice President (VP), Information Technology (IT)

The vice president of information technology (IT) is a high-level position that oversees an organization's technology initiatives, as well as IT changes and updates to all projects. The vice president assesses IT systems and makes decisions on investments and implementation of future technology. They must achieve IT department goals within the context of the organization's vision and values. They also help develop policies, standards, and objectives, in addition to participating in training sessions and helping recruit new talent. One of the most important functions of this position is the helping create budgets and authorize purchases, with help from other executives and managers. Most vice presidents of IT work in an office setting during regular business hours, although overtime may be required, particularly for projects on deadline.

This is an executive position that requires outstanding interpersonal skills and the ability to lead a team in a way that promotes efficient, high quality work. Vice presidents of information technology also need to be able to develop sustainable business relationships with vendors. In addition, they must be attentive to detail and handle stress well. A bachelor's degree is needed for this position, along with several years of experience in the IT field. Different leadership and technology certifications from major software/hardware companies are usually a plus.

Vice President (VP), Information Technology (IT) Tasks

Establish the strategic direction of the Company's information systems as well as executing the strategy.

Identify and propose new information technologies and systems to improve business processes and decision making.

Common Career Paths for Vice President (VP), Information Technology (IT)

Plan your career path. Drag job titles to investigate a particular path and click on a link to see where particular career can lead.

VPs of Information Technology who transition into an upper level Senior Vice President of Product Development role may receive a large increase in pay as the position pays an average $188K per year. Many VPs of Information Technology go on to become Chief Information Officers or Chief Technology Officers despite the fact that median compensation in those roles is reportedly $3K lower and $1K lower, respectively.

Vice President (VP), Information Technology (IT) Job Listings

Search for more jobs:

Job Title/Company

Location

Popular Employer Salaries for Vice President (VP), Information Technology (IT)

Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Citigroup, Inc., Morgan Stanley, and Citibank are some prominent firms with considerable interest in employing a large team of VPs of Information Technology. Employees at Deutsche Bank enjoy the biggest paychecks, and $177K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $139K and higher ones not far away at only $204K. VPs of Information Technology will also find cushy salaries at Blackrock, Inc. (+$166K), Barclays Capital Inc (+$163K), and The Goldman Sachs Group, Inc. (+$154K).

Employees at Citigroup, Inc. take home the smallest paychecks, and $122K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $91K and quickly nearing the top at only $157K. Other low-paying employers include Citibank at $133K and Bank of America Corp. (BOFA) at $139K, though some VPs of Information Technology there earn up to $177K.

Popular Skills for Vice President (VP), Information Technology (IT)

This chart shows the most popular skills for this job and what effect each skill has on pay.

VPs of Information Technology report using a large range of skills on the job. Most notably, skills in Leadership, People Management, Strategic Planning, and Java are correlated to pay that is above average. Skills that seem to negatively impact pay include Windows NT / 2000 / XP Networking, Microsoft Office, and Network Management / Administration. The majority of those who know Network Management / Administration also know IT Security & Infrastructure. People who know Project Management usually also know IT Management, IT Security & Infrastructure, and People Management.

Median of all compensation (including tips, bonus, and overtime) by years of experience.

More years of relevant experience do not necessarily translate to higher paychecks. Those in the early stages of their career can expect to make around $105K; however, individuals with five to 10 years of experience bring in $127K on average — a distinctly larger sum. VPs of Information Technology see a median salary of $147K after reaching one to two decades on the job. VPs of Information Technology who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $156K.

Pay Difference by Location

With a pay rate for VPs of Information Technology that is 19 percent greater than the national average, San Jose offers a comfortable salary for those in this profession. VPs of Information Technology will also find cushy salaries in San Francisco (+16 percent), Boston (+14 percent), Atlanta (+10 percent), and Chicago (+8 percent). Tampa ranks last in the field for pay, reporting salaries 12 percent below the national average. Employers also pay below the national average in Charlotte (8 percent lower) and Minneapolis (3 percent lower).